Neutral impactCorporate Action
F&O Talk: Nifty to consolidate further, says Sudeep Shah; picks 3 stocks for next week
Economic Times 1 hr ago·22 Aug 2026, 7:04 am
Sudeep Shah of SBI Securities anticipates the Nifty index to continue its consolidation phase, trading in a range between 24,000 and 24,500. He highlights that the Bank Nifty is currently compressed and suggests that the Nifty IT index is finding support around the 30,000 level.
For the next trading week, Shah has identified three specific stocks that he believes offer favorable setups. These include AU Small Finance Bank, Aditya Birla Capital, and Nippon Life Insurance Company. Investors are advised to monitor these stocks closely as the market volatility remains low and options market risks appear to be underpriced.
The key focus for traders will be the price action around the support and resistance levels mentioned. Given the compressed nature of the Bank Nifty and the specific support for IT, these stocks could play a crucial role in determining the market's direction for the upcoming week.
Affected stocks
Neutral2 stocks
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Aditya Birla Capital (ABCAPITAL).
- Category: Corporate Action.
- Also mentions AUBANK.
Why it matters
A routine update for Aditya Birla Capital. Use the price and stock snapshot to gauge how the market is responding.
